Daily (12.02.2019): European power prices for 2020 delivery tumbled on Monday tracking weaker coal and carbon markets

12/02/2019 11:39 Daily


Uncertainty about the restart of the trade talks between U.S. and China outweighed the support from OPEC-led supply cuts on Monday. A strengthening dollar put more pressure on prices. Consequently, oil prices retreated, with Brent oil trading nearly 1% down at $61.51 a barrel. WTI futures edged 0.6% lower at $52.41 a barrel.

Most of the British wholesale gas prices declined on Monday due to mild weather, ample LNG supplies and increased Norwegian flows. NBP spot price decreased by 0.5% to 48.25 p/therm. On the curve, the NBP contract for delivery in Summer 2019 lost 0.2% ending at 45.78 p/therm.


A steep drop in wind power generation coupled with a boost in heating demand due to falling temperatures contributed to a rise in European spot power prices on Monday. The German day-ahead power price skyrocketed by 586.3% to 46.74 p/therm. The equivalent French contract soared by 52.1% to 51.39 p/therm.


Further on the curve, electricity prices dipped, tracking low coal, carbon and gas prices. The German power contract for delivery in 2020 was 1.7% down at 47.02 EUR/MWh, while the equivalent French contract traded 1.6% lower at 49.73 EUR/MWh.


European carbon prices posted slight gains on Monday amid a weaker energy complex and moderate trading. The contract expiring in 2019 added 0.1% to settle at 22.40 EUR/tonne.

Germany set to build LNG terminals amid European gas battle

14/02/2019 09:51:00

Germany will likely build 2 terminals to import LNG, Economy Minister Peter Altmaier said as Oilprice reported, in a move to appease the U.S. while Berlin also supports the Russia-led Nord Stream 2 gas pipeline, which has divided the EU member states in recent years.


Daily (13.02.2019): EU carbon prices fell by over 7% to hit a new 2019 low

13/02/2019 11:49:00

Oil prices reversed trend to hike on Tuesday, stimulated by the steep OPEC supply cuts, led by Saudi Arabia’s biggest drop in pumping activity. Brent oil traded 1.5% higher at $62.42 a barrel, while WTI crude increased by 1.3% to $53.10 a barrel.


Europe agrees sales targets for ‘clean’ buses in cities

13/02/2019 08:39:00

European Union lawmakers struck an agreement on Monday (11 February) on green public procurement rules for new buses, requiring local authorities purchase a minimum share of clean vehicles running on gas or electricity by 2025 and 2030